SNH: STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff - Restatement Of Consolidated Financial Statements

Steinhoff - Restatement Of Consolidated Financial Statements Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff - Restatement of consolidated financial statements Steinhoff International Holdings N.V. (the "Company") The Company is providing the following update further to its announcement dated 5 December 2017 and its ongoing investigations into past financial years. This update is made on the basis of the information that has been made available and analysed to date. The Company, on the advice of the independent committee of the Supervisory Board, has today formed the view that issues concerning the validity and recoverability of certain Steinhoff Europe balance sheet assets under scrutiny in the 2017 audit work, are also relevant to the 2016 consolidated financial statements. Therefore, the Company announces that, based on section 2:362 (6) of the Dutch Civil Code, the 2016 consolidated financial statements will need to be restated and can no longer be relied upon. The Company, on the advice of the independent committee of the Supervisory Board, together with their advisers, is taking all necessary steps to address the audit issues and will keep the market informed of any material developments. Shareholders and other investors in Steinhoff are advised to exercise caution when dealing in the securities of the Group. Sponsor: PSG Capital Stellenbosch, 13 December 2017 Date: 14/12/2017 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,

SNH: STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff